ChatGPT is not a new thing. It's just AI. AI with knowledge from the web. ChatGPT has been making a lots of mistake lately. You dare to risk your life with ChatGPT. It's just another version of Google search.
A lots of stock gurus are betting on ChatGPT now. Just like last time Sino-US trade war, they beat the drums that factories from China will move to Malaysia and as the result the tech stocks surged. Even stock gurus promote rubbish, rubbish will rise and then newbies will take the hit a few quarters a later as the reports will still be bad.
I am a bit concerned about its next few earnings. The last QR was better than expected while some other tech companies struggled. Is it possible that due to lag factor the slow down in demand will only show up in the next few quarters?
Mi went below the large green candle last week, and today just touched its .382fib support, whether we'll see a strong reversal candle next monday or a continuation down, will depend on this evening's Q1 report.
Mi Malaysia tax benefit expire on 31st Jan 2024. I think all the SEBU is under Mi(M). They have only 1 year left until they nd to pay taxes. Current Taxes is about 12%+ by financial yr 2024, they nd to pay at least 20%. FY22, saw a forex gain of 3.8 mil. If remove the forex gain and assuming same revenue and with 20% tax, my fair price should be anything below rm1.20.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by zerosumplayer > 2 months ago | Report Abuse
High speed memory demand will definitely increased due to AI application boom i.e. ChatGPT and definitely a catalyst for MI who supplies key materials and packaging equipment